While doubts about Twitter’s $ 44 billion acquisition, or roughly 1.7 trillion baht (at the latest exchange rates), were recorded as the culmination of the big deal. and full of puzzles that make the world wonder Why would Musk make such a deal? For what purpose? Will be successful? And what’s the real purpose of detecting this sparrows social media activity ?!
If you look back on this historic deal, you’ll find it started on April 4th when Musk sneaked into the stock market for Twitter. Before revealing its 9.2% stake later. This made him the largest shareholder.
However, beyond that, he became the richest person in the world. according to the shareholding He had the right to join the Twitter board of directors, the purpose of which at the time was seen by analysts, the Twitter community and Dogecoin meme fans when he stepped in to curb the restructuring of the company. platform and offered the board of directors an additional share price of US $ 54.20 per share, an offer that Twitter forums cursed for the proposed share price. Lots of people even joked a bad joke about that he drank marijuana or what? dare to offer to buy shares at this price
Just a week later Musk’s proposal became a reality. When the inflationary economic trend in the United States soared due to the outbreak of the Covid-19 virus. Which froze the global economy for more than two years has gradually revealed the damage suffered after the impact. which makes many companies in every industry need to restructure the business and tighten their belts to tighten the organization even Twitter itself is in a shaky region. Eventually Musk even made an offer to buy stock. And on the side of the corporate board, the same sparrows Both sides reached an agreement on the price they offered to buy. However, the stock purchase negotiations come because Musk has yet to conduct an investigation into the company’s confidential information traditionally in acquisitions. that shortly after He canceled the cancellation of the purchase of shares.
Musk canceled the stock purchase the following week.
Musk publicly tweeted the reason for the “Do not buy shares as proposed” He commented. made him think that the information was not really accurate. But it is false information that was manipulated by the board of directors. Be Musk’s attorney. Must participate in a thorough investigation into such information about the fake account. and protested to the Twitter advice for not fulfilling his request. and misrepresentation for information about it.
As a result, Musk told a Twitter forum on July 8 “He canceled all the deals that had been offered to the council.” claiming that “Twitter is not sincere in revealing the true information about spam bots. and the board of directors deceives, distorts and creates false information. “
Twitter sues, forcing Musk to buy stock
Four days later, Twitter is suing Musk in Delaware, a company created to force him into a deal. from the failure of such agreements As a result, Twitter shares, including meta, social media companies, competitors and other publicly traded stocks. fall together Because of concerns that the Federal Reserve (Fed) interest rates increase, while the same US Fiscal Policy Office. He is trying to fight the inflation situation. push the US economy into recession to recover
Twitter accuses Musk of being dishonest in buying shares. He claimed that Musk wanted to leave the deal. Because he thinks the stock’s value is too expensive compared to its intrinsic value. He initially made an offer to buy the stock at a very high price of $ 54.20 per share. Compared to the July stock market price of around $ 35-37 and not worth the overpayment.
from the aforementioned reason for argument by having most of the forensic analysts comment The Twitter argument carries the most weight, more than Musk, and probably has a higher percentage of his chances of defeating Musk on the pitch.
However, their views remained unchanged. Even after that in August, Twitter’s platform security chief Peiter Zatko told the company that Twitter had not disclosed security vulnerabilities and user privacy.
Meanwhile, after the Twitter board filed a lawsuit to force Musk to buy the proposed stock. Legal analysts have told multiple media outlets that Musk may have to pay billions in damages to Twitter if the deal he proposed fails.
Most recently, on Oct.4, Musk canceled an offer to overturn the deal on Twitter and offered to complete the deal as promised. Before the court began opening the trial in late October. by Delaware judges Musk has given Musk time to close the deal by October 28 to close the transaction and settle the dispute.
‘head idiot’ walks with a sink
It was Wednesday, October 26, after Musk complied with the settlement on the recommendation of a Delaware judge. He went to Twitter headquarters with a smile and a sink in his hand. He then changed the description on his Twitter profile to “Stupid boss” This implies that the Twitter purchase agreement has ended.
After closing the deal to buy Twitter successfully. The first thing that builds morale in the transition. From old owners to new owners it serves to lift morale and try to quell fear among employees over staff restructuring rumors of massive layoffs. and reassure advertisers that his past criticism of Twitter’s content moderation rules will not jeopardize the appeal of commercial accounts.
“Twitter will never become a useless hell for anyone and will continue to be a space to function as it should.” Musk said in an open letter to advertisers Thursday.
However, it is one of Musk’s innovative ideas for technology, which claims that Twitter is the foundation for creation “Awesome app” to have everything together from money transfers to shopping not even calling a machine AND, of course, it also includes blockchain platforms. This covers digital assets, cryptocurrencies, NFTs and WEB3 in the future.
“The long-term potential of Twitter in my opinion is worth more than what we see today.” Musk concluded in a discussion with Tesla analysts on Oct.19 about his plans for the future development of Twitter.
